High lunar New Year shopping and travel demand fuels CPI in January

VOV.VN - The consumer price index (CPI) rose by 0.52% in January 2023 compared to the previous month and by 4.49% compared to the same period in 2022, the General Statistics Office (GSO) announced on January 29.

People’s increasing shopping demand for goods plus an increase in the prices of services and petroleum during the lunar New Year holiday are the main factors that fueled CPI in January 2023.

Among the eight groups of commodities and services that recorded price hikes, the group of transport services took the lead, rising by 1.39% that caused the general CPI to climb 0.13%.

The price of petrol has hiked by 2.31% following three regular price adjustments in January, and an increase in the environmental protection tax on petroleum.

Other groups of commodities and services such as beverage & tobacco, food & food catering, and garment & footwear saw their prices increase by 1.12%, 0.82% and 0.62% respectively.

Meanwhile, the prices of education services and housing & building materials decreased by 0.2% and 0.12% respectively.

Overall, core inflation in January 2023 increased by 0.46% over the previous month and by 5.21% over the same period last year.

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